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Customer requirements and financing will shape the decarbonization of the steel industry, panelists said at Fastmarkets’ 2021 Steel Success Strategies Industry Briefing earlier this week.
China’s Baowu Steel Group has signed an agreement to jointly invest in a nickel pig iron (NPI) project in Indonesia with Brazilian miner Vale and China’s Xinhai Technology, the company announced on Thursday June 24.
Seaborne coking coal prices were largely stable on Friday June 25 in both the cfr and fob market following the previous record-high transaction prices over the week, market sources said.
Robust demand for steel scrap in the Japanese domestic market is supporting Japanese export prices, creating a wide bid-offer gap and making it very tough for Chinese buyers to clinch any deals, sources told Fastmarkets.
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